bullish
Solid State - Acquisition of Pacer Technologies
SUMMARY
Solid State has announced the acquisition of Pacer Technologies, a value-added distributor of opto-electronic components and displays, for c £3.7m cash. Although the transaction is earnings enhancing, triggering a 4.0% uplift in the FY20 consensus EPS, the share price has not moved materially in response to the news and we believe the shares continue to trade at a significant discount to peers.
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- Solid State - Acquisition of Pacer Technologies13 Nov 2018
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